Best Trading Robots 2023

Automated trading robots make it possible to trade crypto, stocks, forex, and more, all without putting in endless hours of analysis on your own. These platforms are designed to recognize potentially profitable setups in the market and then execute trades automatically on your behalf.

Trading robots aren’t completely effort-free, but they can make it much easier for beginner traders to profit from the market. In this guide, we’ll review the best trading robots in 2023 and explain how you can start using a trading bot today.

Best Trading Bots Reviewed

Want to know which automated trading robot is right for you? We’ve put together reviews of the 11 best trading robots so you can see what makes these bots stand out.

1. Learn 2 Trade Algorithm – Overall Best Trading Bot to Use in 2023

We recommend Learn 2 Trade Algorithm as the overall best trading robot in 2023. The aim of the Learn 2 Trade (L2T) Algorithm is to lower the entry barrier for trading assets by automating trades. 

This trading bot has been developed by Learn 2 Trade, a popular forex and cryptocurrency signals platform with more than 75,000 users. While signals can be leveraged manually to issue new trades, the Learn 2 Trade Algorithm automates this process by letting users connect to third-party trading platforms with APIs (Application Programming Interfaces). 

After carefully being developed for over two years, the L2T Algorithm uses machine learning to automatically execute new trades. If investors wish to trade assets such as cryptocurrencies, this trading bot will use 100+ technical and fundamental indicators to find the best possible trade. 

Since trading cryptocurrencies and other assets can be volatile, Learn 2 Trade Algorithm issues stop/losses and take-profit levels before opening a new position. However, this is still a high-risk trading bot, as it has set a risk-reward ratio of 1:3. Nonetheless, L2T Algorithm claims to offer a success rate of 79%. 

The Learn 2 Trade Algorithm can also be tested on a demo account. This feature lets investors begin trading with paper funds. Investors can access this trading bot by buying a monthly subscription plan, costing £49 ($58.7). 

Afterwards, one can join the L2T Algorithm Telegram channel and link it with a third-party platform to access the automated trading feature. Thus, L2T Algorithm will update members on the Telegram channel after executing new trades. This trading bot is a suitable option for users looking to trade assets without the effort of studying charts or analyzing trading patterns. 

To purchase this trading bot, investors can access several payment options, including PayPal and credit/credit cards such as American Express, MasterCard, and VISA. 

2. Bitcoin Prime – Trade More than 75 Bitcoin CFD Pairs with this Trading Bot

Bitcoin Prime is able to automatically trade more than 75 different CFD pairs for Bitcoin. That includes pairings with most major currencies and a wide variety of popular cryptocurrencies. The net result is that Bitcoin Prime is able to find trading opportunities in virtually all market conditions.

Bitcoin Prime claims an impressive 90% win rate, although we have not been able to confirm this. The platform uses a deep learning algorithm to spot setups and even keeps track of crypto news to stay one step ahead of price movements.

Bitcoin Prime requires a $250 minimum deposit but doesn’t charge account fees. The platform takes a 2% commission on profits, so you only pay to use Bitcoin Prime when you’re making money.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

3. Oil Profit – 24/7 Automated Bitcoin Trading

Despite its name, Oil Profit isn’t a commodities trading robot. Rather, this platform is designed to automatically buy Bitcoin and sell it on your behalf. Oil Profit is driven by a sophisticated AI algorithm that the platform claims can win up to 90% of the crypto trades that it opens.

What’s great about Oil Profit is that it’s completely free to use. There are no account fees and no commissions on your profits. The platform requires a $250 minimum deposit to get started, but you can withdraw for free at any time.

You can access Oil Profit from a web platform, a mobile app, or MetaTrader 4. The MetaTrader 4 application is especially appealing because it allows experienced traders to monitor signals in real time

and jump into manual trading when desired.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

4. Bitcoin Era – Top Bitcoin Robot for New Crypto Traders

If you’re new to the world of crypto trading, Bitcoin Era is one of the best crypto trading bots to jump in. With this Bitcoin robot, you can trade a dozen popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, Cardano, EOS, Ripple, and more. You don’t need any trading experience to use Bitcoin Era.

Since this platform trades such a wide range of cryptocurrencies, it is able to trade 24/7 under most market conditions. Bitcoin Era’s algorithm relies on a strategy of high-frequency trading, turning small price movements into gains that add up in your account over time. According to Bitcoin Era, the platform has an 85% win rate.

Bitcoin Era is available via a web platform as well as through mobile apps for iOS and Android. The platform is free to use and doesn’t charge commissions. You must make a $250 minimum deposit in order to start using Bitcoin Era.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

5. Quantum AI – Powerful Crypto Robot with Claimed 90% Win Rate

Quantum AI is a powerful crypto robot that can trade Bitcoin, Ethereum, and Bitcoin Cash on your behalf. The robot uses artificial intelligence to spot trading setups in these markets, and it says its algorithm is highly effective. According to Quantum AI, the platform wins up to 90% of its trades, although we could not verify this claim.

Quantum AI is almost free to use. The platform doesn’t charge account fees and deposits and withdrawals are free. You just pay a commission of 0.01% on your trading profits, making this one of the lowest-cost AI trading bots available.

Quantum AI is available only via a web platform. You must make a minimum deposit of $250 in order to start trading. Note that there are similarly named but unrelated crypto trading bots on the market such as Quantum Pro 360.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

6. eKrona – Automated Trading Based on the eKrona Currency

eKrona is a unique trading robot that relies on the eKrona cryptocurrency for trading. All deposits you make to the platform are first converted to eKrona. From there, you can trade crypto pairs like eKrona-Bitcoin and eKrona-Ethereum. In total, eKrona supports trading across 14 different cryptocurrencies.

The benefit to eKrona is that if the eKrona coin gains value, your trading account also gains value. The platform doesn’t charge fees for holding eKrona, but there is a 2% commission on profits from automated trading. Even though your account funds are held in crypto, you can request a free withdrawal at any time.

eKrona doesn’t offer information about its past performance or customer testimonials. However, it does have a demo mode so you can try out the platform for yourself. You must make a $250 minimum deposit to use eKrona. See our eKrona review.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

7. Bitcoin Profit – Ultra-fast Trade Execution across 50+ Markets

Bitcoin Profit is another top Bitcoin trading robot that lets you trade more than 14 popular cryptocurrencies. What’s great about this robot is that there are multiple crypto-fiat and crypto-crypto pairs for each coin, so you can trade more than 50 markets in total. That means more opportunities for the bot to find profitable setups and act on them on your behalf.

Bitcoin Profit uses artificial intelligence to identify crypto trading signals. The platform claims a win rate of 85% and doesn’t charge any account fees or commissions. In addition, withdrawals from Bitcoin Profit are free and paid out in less than 24 hours.

Bitcoin Profit is available online and can be integrated with MetaTrader 4, but the platform doesn’t offer mobile apps. There’s a demo account available so you can test out the robot and see if it matches your trading style.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

8. NFT Profit – Automatically Trade NFTs for a Profit

NFT Profit is a unique trading robot that focuses on flipping NFTs (non-fungible tokens) rather than trading individual cryptocurrencies. It’s one of the best trading robots for individuals who want to focus on a fast-growing market and don’t mind taking big risks.

NFT Profit doesn’t provide much information about how its algorithm decides which NFTs to buy and sell. However, it does say that it converts funds in your accounts to Ethereum so you can trade across most NFT marketplaces quickly. NFT Profit also claims an impressive 99.6% win rate, although we could not verify this.

NFT Profit doesn’t offer a demo mode or manual trading, unlike most other trading bots for crypto. You can monitor your account through a custom online platform. See our full NFT Profit review.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

9. Bitcoin Revolution – Trade Crypto with 5,000:1 Leverage

Bitcoin Revolution is an aggressive trading robot that uses 5,000:1 leverage to maximize your potential profits. While that means this platform can earn potentially significant profits on even tiny price movements, it also means that you’re highly exposed if a trade goes against you. So, Bitcoin Revolution is one of the best trading robots for high risk, high reward traders.

The good news is that Bitcoin Revolution claims a win rate of 85%. We couldn’t verify this claim, but if true, it means that very few trades will go against you when using this trading robot. Overall, Bitcoin Revolution says that traders see a daily return on investment of 60%.

Bitcoin Revolution doesn’t charge account fees, but it does take a 2% commission on your profits. The platform is available via a web interface as well as through an Android mobile app (there is no iPhone app at this time).

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

10. Crypto Bank – BTC Robot with No Fees or Commissions

Crypto Bank is another powerful Bitcoin trading robot that’s worth checking out. This platform uses a combination of artificial intelligence and machine learning to continually adapt to crypto market conditions and help you maximize your profits. According to Crypto Bank, the platform wins an astounding 99% of all trades it opens. (We could not verify this claim.)

Crypto Bank currently supports trading across 5 cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and the Basic Attention Token. All cryptocurrencies are traded as CFDs, enabling the trading robot to go long or short and to use leverage to increase your potential return from every trade.

This trading robot offers a demo account so you can test out the platform safely. Crypto Bank is free to use and doesn’t charge commissions on your profits.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

11. TeslaCoin – Invest in TeslaCoin while Trading Crypto

TeslaCoin is a crypto trading robot that converts all of the funds in your account into TeslaCoin cryptocurrency before trading. This means that in addition to earning profits from trading, you also have the potential to grow your account if the value of TeslaCoin goes up.

The TeslaCoin robot is capable of trading Bitcoin, Ethereum, Ripple, and Cardano. The platform uses an AI algorithm to track the market and identify profitable setups, but it doesn’t specify what fraction of trades it wins. TeslaCoin is able to trade 24/7 and offers a demo account so you can see how the platform is performing under current market conditions.

TeslaCoin is free to use and doesn’t charge commissions on your profits. You must make a deposit of at least $250 in order to open a new trading account.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

What are Trading Robots?

Trading robots are automated trading platforms that can execute trades on your behalf. Many of the best trading robots use artificial intelligence or sophisticated algorithms to identify potential trading opportunities and act on them.

Trading robots can work on a variety of different assets. Many human traders take advantage of forex trading bots, as well as bots for cryptocurrencies, stocks, commodities, and more. Often trading bots actually trade CFDs (contracts for difference) since these allow the bots to go long or short and enable the use of leverage when trading.

How do Trading Bots Work?

Most trading bots work in a similar way. They use an algorithm to identify trading signals in the price movements of a stock, cryptocurrency, or other asset. Once a signal is identified, the bot will initiate a trade using the funds in your trading account.

After a trade is opened, the trading bot will continue to monitor it. Most trading robots include a price target and stop loss with every trade, putting automatic limits on when it’s time to exit. Other bots will actively evaluate price movements to determine when it’s time to exit a position. In either case, the robot will automatically close out the trade and return all of the funds – including any profits – to your account.

The best trading robots are able to operate 24/7, taking advantage of market dynamics during US, Asian, and European trading hours.

Types of Automated Trading Robots

Trading robots can be categorized by the types of assets they trade. Let’s take a closer look at some of the most popular types of trading bots:

Bitcoin and Crypto Trading Robots

Most of the best trading robots we reviewed are Bitcoin trading robots, also known as crypto trading robots. These robots focus on Bitcoin and other cryptocurrencies like Ethereum, Bitcoin Cash, Litecoin, and Ripple.

The crypto market is ideally suited to trading robots because it is so volatile and because it operates 24/7. So, crypto robots are able to find a large number of daily trading opportunities and never have to stop trading. Learn 2 Trade Algorithm, for instance, is one of the best trading bots that automate cryptocurrency trades.

Forex Trading Robots

A forex trading robot operates a lot like a Bitcoin trading robot, except it trades fiat currency pairs instead of cryptocurrency pairs. Most forex trading bots are able to trade all major currency pairs as well as a wide range of minor pairs. Typically, forex robots use leverage to take advantage of relatively small movements in the prices of currencies.

Commodities Trading Robots

Commodities trading bots trade physical goods like oil, gold, silver, copper, wheat, and soy. Typically, commodities bots trade commodities CFDs so that you never have to take ownership of the underlying product.

Stock Trading Robots

Stock trading robots are designed to trade stocks. Depending on the stock trading bot, you may be able to trade all US stocks listed on the NYSE or NASDAQ, or only a subset of popular stocks that see above-average volatility. Stock trading bots occasionally trade shares directly, but most use CFDs so that they can take short positions and use leverage when trading.

How to Trade with a Trading Robot

In the sections below, we’ll show you how to use the Learn 2 Trade Algorithm – our best recommended trading bot for 2023.

Step 1: Enter Your Personal Details

Firstly, interested readers must visit the Learn 2 Trade Algorithm website and click on the ‘Buy Now’ button on the page. 

You can now fill in your details before purchasing a monthly subscription to this trading bot. Users will need to enter their first and last name, email address, mobile number, and country of origin to complete this step. 

Step 2: Purchase a Monthly Subscription

Users can now purchase a monthly subscription to the Learn 2 Trade Algorithm after selecting their preferred payment type.

Select a supported credit/debit card or e-wallet and pay £49 ($58.7) by clicking on ‘Buy Now’.

Step 3: Automate Trades By Joining the Telegram Channel

After the purchase is complete, traders can access the trading bot. However, they can automate their trades by joining the Learn 2 Trade Algorithm Telegram Channel. After your account is created, Learn 2 Trade Algorithm will send you an email giving access to the Telegram group. 

The Telegram group can be linked to a third-party platform such as Cornix. Once this is complete, Learn 2 Trade Algorithm will automate your trades. 

Visit Learn 2 Trade Algorithm Now

Are Trading Robots Profitable?

The best trading robots can be profitable, but it’s also important to remember that profits are not guaranteed. All trading carries risk, and trading robots are no exception.

That said, many trading robots claim impressive win rates. For example, Bitcoin Prime claims that its algorithm wins up to 90% of the trades that it initiates. We were not able to verify this claim, but if true, it would suggest that this robot is highly profitable.

The best way to determine if an AI trading bot is profitable under current market conditions is to try out the bot’s demo mode, if it has one. Keep in mind that past performance is not a guarantee of future results. Your capital is at risk when using a trading robot.

Potential Risks of Crypto Bots

The biggest risk when using a day trading bot is that you could lose money. While these robots claim to be profitable, there is no guarantee that you will make money or that the robot will be profitable under different market conditions than in the past. All money in your trading robot account is at risk.

How to Choose the Best Trading Bot

There are many things to consider when choosing the best trading robots. Here are some of the key factors to think about when deciding which bot is right for you.

Tradable Assets

What assets you can trade with a particular robot is the first thing to consider when choosing a bot. First, do you want to trade crypto, stocks, forex, or commodities?

If you’re trading crypto, some robots only trade Bitcoin, while others can trade dozens of different cryptocurrencies. Having more assets to trade can yield more trading opportunities, but bots that focus on a single market may be easier to manage.

Performance

Trading robots often pronounce their claimed success rates, making it easy to compare bots. However, this can be tricky since most of these win rates are not verified and it’s hard to know how robust a robot is to different market conditions. The best way to compare the performance of different trading bots is to actually test them out using demo accounts.

Commissions and Fees

Many of the best trading robots that we reviewed are free to use. For example, Oil Profit, Bitcoin Profit, and Crypto Bank all charge no account fees and no commissions on your profits. Other platforms, including Bitcoin Prime and Bitcoin Revolution, charge a 2% commission on your trading profits.

While not paying commissions is generally better than paying commissions, these fees are relatively low. Keep in mind that for commissions on profits, you only pay when you’re making money.

Demo Account

Most crypto trading robots offer demo accounts, and you should take advantage of them. Demo accounts let you test out a platform and learn how it works before risking money on live trades. Learn 2 Trade Algorithm offers a demo trading account to all members.

Minimum Deposit

All of the trading robots we reviewed, barring Learn 2 Trade Algorithm, require a minimum deposit of $250. Others may require a smaller or larger deposit. Keep in mind that you can withdraw your deposit at any time with no fees.

Costs of Crypto Robots

Crypto day trading robots typically don’t charge account fees, deposit fees, or withdrawal fees. Some are completely free to use, while others charge commissions on your profits. This pricing structure makes sense because you only pay to use the robot when it’s making money for you.

In addition to trading fees, most crypto robots require a minimum deposit. In the case of most of the robots we reviewed, the required deposit is $250. However, Learn 2 Trade Algorithm charges a monthly fee of $58.7. 

Are Trading Bots Legit or Scams?

While there are many legit trading robots on the market today, there are also many scams. It’s important that you do your research into a trading robot to make sure it’s legit before signing up.

When considering whether a trading robot is legit, look for user testimonials, platform reviews, and any data you can find about a robot’s historical performance. You can also try out a bot’s demo account to see whether it performs as well as advertised.

Conclusion

The best trading robots make it easier than ever to jump into day trading. These platforms use sophisticated algorithms to seamlessly trade crypto, forex, stocks, and more, and many are free to use.

We recommend Learn 2 Trade Algorithm as the best trading bot to use in 2023. This bot automates trading and leverages technical indicators, fundamental analysis, and machine learning to find the best time to open new positions. With Learn 2 Trade Algorithm, traders can open long/short positions and even access a demo account.